Choice Bank · 5 days ago
Financial Crimes QA Consultant
Eagan,MN,US
Full-time
Hybrid
Senior Level
5+ years expChoice Bank is a financial institution focused on supporting its customers and communities. The Financial Crimes Quality Assurance Consultant will be responsible for developing and executing a risk-based QA program to ensure compliance with financial crime regulations and to enhance the quality of the bank's compliance program.
BankingFinanceFinancial Services
Responsibilities
Perform and assist in the creation of quality assurance of BSA/AML/Fraud processes
Assist in developing and executing a risk-based Quality Assurance (QA) program focused on the review of the design, effectiveness, and overall quality of the Choice Bank Financial Crimes Compliance program as it relates to applicable regulations and adherence to relevant policies, procedures, and processes
Prepare reports on review findings, recommended enhancements, and the status of corrective actions
Assist in the development of the Financial Crime Quality Assurance program and associated testing and reporting activities
Ensure key and emerging Financial Crime risks and controls are accurately implemented across the Bank
Ability to maintain control, direction, and motivation in an ever-changing environment
Conduct quality reviews of financial crimes investigations, including AML, fraud, sanctions, and suspicious activity reports (SARs), to ensure adherence to regulatory requirements and internal policies
Perform quality assurance reviews on a scheduled cadence and additional ad hoc testing as needed
Evaluate the accuracy, completeness, and timeliness of case documentation and decisions
Identify gaps or deficiencies in investigative processes and recommend corrective actions
Monitor and assess the effectiveness of controls related to financial crimes detection and prevention
Collaborate with risk and compliance teams to ensure alignment with enterprise risk management frameworks
Escalate significant findings or trends to appropriate stakeholders for remediation
Prepare detailed reports summarizing QA findings, trends, and recommendations for process improvements
Track and analyze key performance indicators (KPIs) related to quality and compliance
Support regulatory and internal audit requests by providing QA documentation and insights
Provide feedback and coaching to investigators and analysts based on QA results
Assist in the development and delivery of training materials to improve investigative quality and consistency
Serve as a subject matter expert on financial crimes compliance and QA best practices
Partner with operational teams to enhance investigation workflows and case management systems
Contributes input to creating technology-based tools and metrics to create effective and efficient reporting of Fintech risks, with the goal of minimizing risk exposure
Assist the Financial Crime team in identifying compliance gaps and improvement opportunities
Participate in initiatives to automate and streamline QA processes
Contribute to the development and refinement of QA methodologies and scoring criteria
Collaborate with internal teams including Compliance, Legal, Audit, and Operations to ensure cohesive quality standards
Communicate QA outcomes and improvement strategies effectively across all levels of the organization
Support strategic initiatives related to financial crimes risk mitigation
Qualification
Required
Minimum 5 years of relevant experience in a financial crimes/anti-money laundering group
2+ years of experience in the execution of quality assurance/control testing processes associated with financial crime controls
Demonstrated ability to work independently and collaboratively to drive efficient resolution of decisions and tasks, escalate items requiring attention, and proactive approach at problem solving and continuous improvement
Effective communication skills—both verbal and written
Perform quality assurance reviews on a scheduled cadence and additional ad hoc testing as needed for a minimum of two processes
Understanding of regulatory expectations within financial industry and ability to demonstrate compliance and risk-based decisions
Strong attention to detail and ability to follow structured testing protocols
Preferred
CAMS (Certified Anti Money Laundering Specialist) certification or pursuing certification preferred
Familiarity with BSA/AML regulations and basic risk concepts
Benefits
Competitive bonus and benefits package
Company
Choice Bank
Choice Bank operates to provide a full array of banking solutions.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Brian Johnson
CEO
Tom Jasper
Chief Operating Officer
Recent News
2025-11-01
Minneapolis / St. Paul Business Journal
2023-12-22
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